Area Director of Finance

4 days ago

New Orleans Louisiana, United States The Jung Hotel & Residences Full time
Job Summary

The Area Director of Finance is responsible for overseeing all financial activities related to budgeting, forecasting, profit and loss reporting, and account reconciliation for up to 11 hotels. This role directly supervises all accounting activities, including income auditing, cashiering, accounts payable processing, accounts receivable collection, tax compliance, payroll, and month-end processing.

Key Responsibilities:
  • Verifies the accuracy and timeliness of all finance functions, including daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.
  • Completes comprehensive month-end close, including preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, ensuring proper tax reporting, and analyzing profit performance.
  • Develops and achieves financial goals, including creating the annual operating plan aligned with the company's strategic direction, providing analytical tools and support to department heads during budget preparation, and leading the sales and operations team in creating accurate monthly forecasts.
  • Ensures monthly P&Ls reflect accurate revenues, expenses, and cost of sales calculations, analyzes daily and monthly variances between actual and forecasted performance, and advises the GM and executive team on existing and upcoming financial and operational issues.
  • Leads the property in developing and maintaining a strong labor culture that maximizes productivity and performance, facilitates monthly P&L reviews to uncover challenges, opportunities, and trends, and manages capital expense budget and reconciles expenditures monthly.
  • Ensures strong accounting and operational controls to safeguard assets and maximize profits, oversees internal and city audit processes, and manages the accurate collection, posting, and reconciliation of occupancy taxes, sales taxes, and transient marketing district (TMD) fees.
  • Reconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentation, provides continuous direction to and education of the operational team in all areas related to finance, financial reports, internal controls, labor management, payroll, month-end reconciliation, P&L performance, etc.
  • Fosters strong professional relationships with the entire management group by providing direct counsel and feedback that positively impacts the performance of the business and sharpens the financial acumen of the team, conducts ongoing coaching and annual reviews to influence positive team development, and cross-trains team members to support successful department operations.
Requirements:
  • Possess a 4-year Bachelor Degree in Finance/Accounting and a minimum of 5 years of experience in a finance leadership position or a 5+ year history of progressive career growth in hotel finance (or in a similar industry).
  • Experience with budgeting, forecasting, profit and loss reporting, and balancing ledgers for operating and balance sheet accounts.
  • Aptitude for performing numerical analysis of data and formulating conclusions and/or solutions.
  • Ability to use logic to define a problem, collect information, establish facts, draw valid conclusions, interpret information, and deal with abstract variables for unique or unfamiliar situations.
  • Proven leadership and coaching skills with a track record of developing a highly motivated and cross-trained group of progressive accounting professionals.
  • Ability to clearly and concisely present technical subjects, possess strong oral and written communication skills, and the ability to conduct effective group meetings and presentations.
  • Ability to comprehend and use technical or professional language either written or spoken to communicate complex ideas.
  • Superior computer skills, including Microsoft Office, POS/PMS systems, and the ability to create, maintain, and analyze data in Excel spreadsheets.
  • Ability to work a varied schedule, including days, evenings, weekends, holidays, and extended hours based on business needs.

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